Construction has started on Baylis Estates’ new Armstrong Business Park scheme in Yate, with three out of the six units committed.
The prominent two acre landmark site at the entrance to Great Western Business Park was the last immediately available development plot in Yate and, when completed this autumn, will provide 30,000 sq ft of new production, distribution or trade units.
The three largest units are now committed to a combination of national and regional businesses and another unit is under offer. Units 2 and 4 providing a further 6,490 sq ft are available on either a freehold or leasehold basis.
David Mace, managing director at Baylis Estates, said: “Armstrong Business Park is a high quality small unit scheme in a prominent location adjoining Great Western Business Park. It will help meet the unsatisfied demand for this type of space close to the motorway network.
“It’s very positive news that we already have over two thirds of the floor space committed off plan and we look forward to announcing further progress over the coming months.”
Alder King and Carter Jonas are agents on the scheme.
Alder King’s lead industrial/logistics partner Andrew Ridler said: “The early interest in the business park resulting in three units already being committed demonstrates the strength of the freehold owner occupier market in the Bristol City Region. This has been a feature of the market for some time now and with strong demand, limited stock, particularly on the eastern side of the city, and increasing industrial rents, shows no sign of abating.”
Stuart Williams, partner at Carter Jonas, added: “The remaining units are attracting a good level of interest from a cross-section of local and regional businesses seeking to secure representation in the area.”
Corkish Construction are the main contractors on the development with Bristol-based architects Noma.